Stablecoins Face Major Crackdown in Switzerland

Switzerland Sets New Precedents: Tighter Regulation of Stablecoins on the Horizon Switzerland, a global hub for finance and innovation, is taking significant steps to regulate stablecoins, the increasingly popular subcategory of cryptocurrencies. The Financial Market Supervisory Authority (FINMA) has proposed stringent guidelines that align stablecoin issuers with traditional financial... source: https://sfctoday.com/stablecoins-face-major-crackdown-in-switzerland/